Eurozone GDP in the third quarter showed minimal growth in 4 years

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According to the European statistical agency Eurostat, eurozone GDP growth in the third quarter of 2018 unexpectedly slowed to a minimum over the last 4 years. Economic growth was 0.2% in quarterly terms and 1.7% in annual terms. Experts predicted GDP growth of 0.4% and 1.9%, respectively.

Indicators for the II quarter were recorded at around 0.4% in quarterly terms and at a level of 2.2% in annual terms.

The economy of all 28 countries of the European Union in the third quarter grew by 0.3% compared with the second quarter and by 1.9% in annual terms.

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